What does ACCTRESOTEAM mean on my credit report?

Is ACCTRESOTEAM making an impact on your credit score?

Updated January 1, 2023
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What is ACCTRESOTEAM?

ACCTRESOTEAM is shorthand for Account Resolution Team Inc, with the company name being Account Resolution Team, Inc.

ACCTRESOTEAM is a Creditor provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with Account Resolution Team Inc.

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

How do I contact them?

Here is the current contact details for Account Resolution Team Inc:

Address:

  • 221 East Main Street, Morristown, TN 37816

Website:

Email:

Phone:

Payments

Account Resolution Team offers various services for debt recovery, including customized collection services, outsourcing and accounts receivable support, prefab letter services, and traditional debt recovery. They also offer payment services online, or via the phone through their Chatbot, “ART” (available 24 hours a day) at (866) 889-9365, or by calling live agents Monday-Friday from 8am-5pm EST at (877) 224-1242. It is unclear if they offer a monthly payment plan. NA.

Question Answer
Can I make a payment using a mobile app? Yes
Can I make a payment using a prepaid debit card? Yes
Can I make a payment using a wire transfer? Yes

How to Apply

Account Resolution Team offers a range of services to assist with debt recovery, including online payments and a chatbot. They do not have mobile apps for loan applications or offer loan application services with a cosigner. You can apply for a loan online, over the phone, or through their chatbot.

Question Answer
Can I apply for a loan online? Yes

Will this affect my credit score?

Whether this account affects your credit score depends on a variety of factors, such as:

  • Account Open Date: If you opened this account recently it will impact your credit, the only way to prevent this from impacting your credit score is to remove the account from your report.
  • Derogatory Markings: If this account has any derogatory markings such as: Lates, Charge Offs, Collections and others.

However, there are could be some potential positive aspects to this account which could lead to improving your credit score, such as:

  • Account Age: If your account is quite old, then the age of it will positively impact your credit score
  • Repayment History: If the account has no Late Payments, Charge off Payments, then it may reflect a positive impact onto your credit score.

Can it be removed from my credit report?

Yes, with the right strategy, you will be able to remove any account from your report. But you have to be careful to ensure that the account is negative to begin with, or it will negatively impact your credit score.

However, removing a negative account will positively impact your credit score, allowing you to open new credit lines and potentially removing bad debt.

How do I remove ACCTRESOTEAM from my credit report?

You can send a dispute letter to the credit bureaus to remove this account from your report. You must send a dispute letter to all three credit bureaus, as they are legally required to remove the account from your report if it is found to be inaccurate. For best results you should send a dispute letter to the credit bureaus via certified mail, this will ensure that you have a legal record of the communication.